42,601 Shares in SiTime Corporation $SITM Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in SiTime Corporation (NASDAQ:SITM) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 42,601 shares of the company’s stock, valued at approximately $31,762,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SITM. Parallel Advisors LLC boosted its position in shares of SiTime by 26.2% in the first quarter. Parallel Advisors LLC now owns 77 shares of the company’s stock valued at $27,000 after acquiring an additional 16 shares during the period. Larson Financial Group LLC increased its position in SiTime by 3,200.0% during the third quarter. Larson Financial Group LLC now owns 99 shares of the company’s stock worth $30,000 after acquiring an additional 96 shares during the period. USA Financial Formulas bought a new position in SiTime during the first quarter worth about $33,000. Caitong International Asset Management Co. Ltd acquired a new stake in SiTime in the 4th quarter worth about $33,000. Finally, Danske Bank A S acquired a new stake in SiTime in the 4th quarter worth about $35,000. 84.31% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at SiTime

In other news, Director Edward H. Frank sold 1,000 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $745.00, for a total value of $745,000.00. Following the completion of the transaction, the director directly owned 10,999 shares in the company, valued at approximately $8,194,255. This represents a 8.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Raman Chitkara sold 2,000 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $727.38, for a total value of $1,454,760.00. Following the sale, the director directly owned 19,898 shares in the company, valued at approximately $14,473,407.24. This trade represents a 9.13% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 68,340 shares of company stock valued at $49,029,718. Corporate insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on SITM shares. Needham & Company LLC boosted their price target on SiTime from $850.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Zacks Research upgraded SiTime from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SiTime in a report on Friday, July 17th. Wall Street Zen raised SiTime from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. Finally, Roth Capital restated a “buy” rating and issued a $900.00 price target on shares of SiTime in a research report on Thursday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $706.67.

SiTime Trading Down 5.5%

Shares of SITM opened at $580.97 on Tuesday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 18.50 and a current ratio of 19.44. SiTime Corporation has a 52-week low of $222.12 and a 52-week high of $901.81. The firm has a market cap of $17.47 billion, a price-to-earnings ratio of 1,185.65 and a beta of 2.94. The business’s fifty day moving average is $630.27 and its 200-day moving average is $553.35.

SiTime (NASDAQ:SITM) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $2.34 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.39. The business had revenue of $157.43 million during the quarter, compared to the consensus estimate of $146.46 million. SiTime had a return on equity of 4.99% and a net margin of 3.01%.SiTime’s revenue for the quarter was up 126.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.47 EPS. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. Equities analysts anticipate that SiTime Corporation will post 6.33 EPS for the current fiscal year.

SiTime Company Profile

SiTime Corporation is a fabless semiconductor company specializing in silicon timing solutions that leverage micro-electromechanical systems (MEMS) technology as an alternative to traditional quartz crystals. Its portfolio of programmable oscillators, resonators, clock generators, jitter attenuators and network synchronizers addresses precision timekeeping requirements across a wide range of electronic systems. By integrating MEMS resonators with advanced mixed-signal control circuitry, SiTime’s products offer enhanced reliability, resistance to shock and vibration, and a smaller footprint compared with conventional quartz devices.

The company’s timing devices serve diverse end markets, including telecommunications infrastructure, data center and enterprise networking, consumer electronics, automotive systems, industrial automation, and aerospace and defense applications.